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Fresh stimulus policies eyed to boost Chinese economy
China will step up countercyclical adjustments of its macro policies to bolster economic recovery in the fourth quarter, which will lay a solid foundation for achieving the annual growth target of around 5 percent this year, said officials and economists. Investors are closely watching for clues on new incremental policies as the recently announced stimulus package significantly boosted market confidence and expectations. The new measures have shown the firm determination of policymakers to tackle pressing issues facing the broader economy, such as lukewarm domestic demand and housing woes. Economists said that China ... (full story)